Dongyang Life Insurance National Office Buildings Sale _ Daegu
936-1 Namsan-dong, Jung-gu, Daegu, Daegu, 41967, KR
195,716 sf
Description
This office building, completed in 1999, is located in the central business district of Nam-gu, Ulsan. Owned by Dongyang Life Insurance, the Ulsan headquarters building comprises 3 basement levels and 10 floors above ground with a total gross floor area of 2,970 pyeong. Situated in a General Commercial District, the property currently maintains a 59.3% occupancy rate with 30.4% vacancy, presenting a value-add opportunity through strategic repositioning.
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Attributes
Building area gross
105,694 sf
Occupancy
90%
Year built
1999
Land area gross
13,126 sf
Media
Investment Highlights
- Mid-sized office asset with 2,970 pyeong gross floor area and 369 pyeong land area
- Prime location in Dal-dong central business district, Nam-gu, Ulsan
- 3 basement levels and 10 above-ground floors, allowing flexible floor-by-floor usage allocation
- Built in 1999, offering value enhancement potential through renovation and modernization
- General Commercial District zoning provides flexibility for use conversion and development options
- Building coverage ratio of 57.62% and floor area ratio of 558.96%, indicating additional development capacity
- Current 30.4% vacancy rate enables rental rate optimization and repositioning strategy
- 10.3% owner-occupied by Dongyang Life Insurance, ensuring partial stable occupancy
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Dongyang Life Insurance National Office Buildings Sale _ Ulsan (0 Properties)
